At a Glance
- Tasks: Manage and settle diverse financial claims while ensuring compliance and safeguarding company interests.
- Company: Leading firm in the financial services sector with a strong reputation.
- Benefits: Competitive salary, professional development opportunities, and a supportive work environment.
- Why this job: Join a dynamic team and make a significant impact in the financial claims landscape.
- Qualifications: 7+ years of experience in financial lines claims, preferably within Lloyd's or law firms.
- Other info: Collaborative culture with opportunities for career advancement and ongoing training.
The predicted salary is between 36000 - 60000 £ per year.
My client is looking for an experienced Senior Financial Lines Claims professional with 7+ years' experience, handling a broad range of claims including (but not limited to) Professional Indemnity (PI), Financial Institutions (FI), Directors & Officers (D&O), and Cyber. US claims experience and strong ECF2 knowledge are essential, and the ideal candidate will have gained their experience within a Lloyd's Syndicate or Law Firm environment.
Key Responsibilities
- Adjust, manage, and settle claims in line with delegated authority levels and in accordance with the Company's Claims Management Policies, Procedures, Claims Philosophy, and Reserving Protocol.
- Proactively manage the Company's claims exposure, ensuring alignment with the prevailing legal and regulatory framework.
- Safeguard the Company's financial interests by validating claims payments and maintaining appropriate and accurate reserving levels.
- Deliver a prompt, efficient, and professional service to customers, ensuring adherence to Treating Customers Fairly principles.
- Communicate material losses, emerging trends, and significant claims developments to relevant internal and external stakeholders.
- Ensure effective collaboration between Claims and all relevant internal departments.
- Maintain compliance with the Company's claims philosophy, minimum standards, and individual authority limits.
- Manage claims efficiently from notification to conclusion, ensuring service level agreements are consistently met across paper and electronic submissions.
- Appoint, instruct, and oversee external service providers, developing and implementing appropriate claims resolution strategies.
- Liaise effectively with brokers, co-insurers, reinsurers, and insureds on all claims-related matters.
- Ensure claims records are accurate, complete, and up to date on internal systems, including the effective management of workflows across electronic claims platforms.
- Work closely with Senior Management and Underwriting teams to support the smooth and effective operation of the business.
- Support broader claims management activities, including open claims reviews, reserving and reinsurance analysis, reinsurer engagement, and ad hoc projects as required.
- Participate in ongoing professional, technical, and career development training, both internally and externally.
- Collaborate with internal functions such as Underwriting, Actuarial, Risk, Finance, and Compliance to support effective claims management.
- Attend internal meetings and committees as required.
- Undertake any other reasonable duties consistent with the skills, experience, and seniority of the role.
Senior Claims Adjuster - PI, FI and D&O in City of London employer: HJF Promotional Products
Contact Detail:
HJF Promotional Products Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Claims Adjuster - PI, FI and D&O in City of London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in claims or insurance. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of Professional Indemnity, Financial Institutions, and Directors & Officers claims. We want you to showcase your expertise and experience confidently, so practice answering common interview questions related to these areas.
✨Tip Number 3
Don’t forget to follow up after interviews! A quick thank-you email can keep you fresh in the interviewer's mind and show your enthusiasm for the role. Plus, it’s a great chance to reiterate why you’re the perfect fit for the position.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Senior Claims Adjuster - PI, FI and D&O in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to highlight your experience in handling claims, especially in PI, FI, and D&O. We want to see how your background aligns with the key responsibilities mentioned in the job description.
Showcase Your Skills: Don’t forget to showcase your skills in ECF2 and any relevant US claims experience. We’re looking for candidates who can demonstrate their expertise clearly and confidently.
Craft a Compelling Cover Letter: Your cover letter should tell us why you’re the perfect fit for this role. Share specific examples of how you’ve managed claims effectively and collaborated with different teams in the past.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates!
How to prepare for a job interview at HJF Promotional Products
✨Know Your Claims Inside Out
Make sure you brush up on your knowledge of Professional Indemnity, Financial Institutions, and Directors & Officers claims. Be ready to discuss specific cases you've handled and how you navigated complex situations. This will show your expertise and confidence in the field.
✨Showcase Your ECF2 Knowledge
Since strong ECF2 knowledge is essential for this role, prepare to demonstrate your understanding of electronic claims frameworks. Think of examples where you've successfully used ECF2 in your previous roles, and be ready to explain how it improved your claims management process.
✨Emphasise Collaboration Skills
This position requires effective collaboration with various internal departments. Prepare examples of how you've worked with teams like Underwriting, Actuarial, or Risk in the past. Highlight your communication skills and how they contributed to successful claims outcomes.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities. Think about potential claims situations you might face and how you would handle them. This will help you demonstrate your proactive approach to managing claims and safeguarding the company's interests.